🇦🇺 Australia has decided: we’ll crush inflation, even if mortgages start crushing us! 😂
The Reserve Bank of Australia raised its key interest rate by 0.25% to 4.85%—the highest level in 18 years!
Reasons:
⚡ Energy is getting more expensive.
🤖 The AI boom is driving up tech prices.
🔥 Inflation just won’t calm down.
Australians will now have to pay more on their loans, and inflation is expected to remain high for most of 2027.
Looks like AI hasn’t learned how to bring prices down yet, but it has already learned how to raise rates! 🤣
For markets, this is a signal that high borrowing costs could stick around, while crypto and other risky assets remain under pressure.
Source: "Cointelegraph" (https://ct.com/markets/australia-lifts-rates-as-ai-boom-energy-costs-fuel-inflation)
#Australia #Inflation #Crypto
$BTC $ETH $BNB
The Reserve Bank of Australia raised its key interest rate by 0.25% to 4.85%—the highest level in 18 years!
Reasons:
⚡ Energy is getting more expensive.
🤖 The AI boom is driving up tech prices.
🔥 Inflation just won’t calm down.
Australians will now have to pay more on their loans, and inflation is expected to remain high for most of 2027.
Looks like AI hasn’t learned how to bring prices down yet, but it has already learned how to raise rates! 🤣
For markets, this is a signal that high borrowing costs could stick around, while crypto and other risky assets remain under pressure.
Source: "Cointelegraph" (https://ct.com/markets/australia-lifts-rates-as-ai-boom-energy-costs-fuel-inflation)
#Australia #Inflation #Crypto
$BTC $ETH $BNB